Risk of buying Pre launch property

Q: I am planning to buy a property which is in pre launch. I want to know what are the risks involve.

Sishir,

10th April 2015

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Replies (2)

Hi Sishir, As you said that you are planning to book a property in pre launch project, I would like to share this article with you so that you can get a fair idea Pre-launch properties: A cautious approach

Harsha Mahipal , Bangalore

11th April 2015

Comment

Buying pre launch property, often leads the investor in a pit of problems such as rise in construction cost and delay in completion. According to industry experts, pre-launch booking is a lucrative and easy way out for the developers to raise cheaper funds.

Harsha Mahipal , Bangalore

10th April 2015

Comment

When a buyer books an apartment at a price quoted by the builder, the builder in return, offers a tentative number. However, this may or may not change, reckoning on the sanctioned construction strategies. Moreover, if the builder falls short of his operational cash, bank funding is paused or there is a sudden market crash, the fate of the project can be in doldrums. In such cases, it is likely the buyers may not retrieve the money invested. Hence, it is recommended to take professional aid, before investing.

Indrajit Kaul, Bangalore

10th April 2015